A - Unknown unknowns - You don't know what you don't know.
This is the first level of the knowledge matrix. There are skills or things, that you are not even aware of, that are completely new to you, and that you need to learn.
Let's say that for a person, this is the first contact with trading as a beginner trader.
B - Known unknowns - You know what you do not know.
On the second level, you are starting to be aware of the skills you need to develop, and the information you need to learn in order to advance in personal development.
This is the learning and practice phase.
C - Known knowns - You know what you know.
On the third level, you have acquired all the necessary knowledge and skills, and you are now aware of your level of competence.
The psychological part at this level, is that you have all the necessary skills as a trader, and you are taking decisions at a conscious level. Because the decisions are at a conscious level, many times you might not stay on your predetermined course.
D - Unknown Knowns - You don't know what you know
This is the highest and ultimate level on the knowledge matrix. Basically, after acquiring all the skills and information, they are now deeply implemented on a subconscious level, and many times, you might take good decisions based on feeling or gut.
At this level, decision-making is not difficult, and you follow your rules without struggling, having a trading career as a full-time job.
Which level are you at?
A
B
C
D
Don't stumble trading. Trade Safe!
